Crypto plunges on more hacks, Social media poses bank fraud risks, Fair CEO on cars as a service.

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June 11, 2018

Cars-As-A-Service

Fair CEO: Why Cars-As-A-Service Is The Future Of Driving

Slow, confrontational, unpleasant and expensive. That’s the standard auto financing industry consumer experience, says TrueCar and Fair Founder Scott Painter. And in the age of digital commerce, it can be improved upon with a better model. Painter told PYMNTS that with Fair, he has that model — one that will change car ownership, auto financing and the auto industry, writ large.

 

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Cryptocurrency

OB1 CEO: OpenBazaar, P2P The Key To Private, Global eCommerce – With Cryptos, Too

OpenBazaar bills itself as a new way to transact online, through decentralized markets and with cryptocurrencies. At the root of the global push is a business model with no restrictions (or fees), as parent company OB1 CEO Brian Hoffman tells PYMNTS, aiming to reduce transaction costs and bring marketplace power to buyers and sellers, sans middlemen.

 

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Data Dive

Adyen’s Big IPO Price, Apple Pay’s Festival Play And The “Golden Era of Banking”

Saturday crowned horseracing’s 13th Triple Crown Winner, with its winner, Justify, now well positioned as a cash machine for its owners. Payments saw several players jockeying for a similar place in the winner’s circle last week too: Adyen with its IPO, Apple Pay with Order Ahead, and Traditional Banking with its “golden age” thanks, in part, to deregulation. Dive in for the details.

 

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The Monday Conversation

WePay Co-Founder: The Power And Peril Of Ecosystems Within Ecosystems

It's not always easy for even the largest platforms to make the jump into commerce. But, WePay Co-Founder Rich Aberman told Karen Webster that if platforms can find a way to build specific functions and use cases off that platform, new world of commerce opportunities will emerge. Success depends on how far down the enabling payments rabbit hole the platform wants to go. For proof, Aberman says, see Facebook, Yelp and MINDBODY.

 

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